A key indicator of how express, logistics and air cargo freight markets are performing are global personal computer shipments with technology consultancy, the Gartner group estimating that in the second quarter of 2009 PC shipments in Western Europe totalled 13.3 million units, a 3.3 per cent decline from the same period in 2008. All three major markets – the UK, France and Germany – saw negative growth and Gartner believes that the decline is set to continue for the … [Read more...] about EUROPE & CIS: Euro PC shipments down 3.3% in Q2
asia cargo news
EUROPE & CIS: Collapse in yields, Luft Cargo loses US$87M
Lufthansa Cargo swung to a US$87 million operating loss in the second quarter from a $95 million profit a year ago amid a “severe†slump in revenue. Lufthansa Cargo’s revenue in the three months to 30 June fell nearly 40 per cent to $626 million from just over $1 billion a year ago as traffic slumped 16.9 per cent to 366,000 tonnes from 441,000 tonnes. The situation was better in July with only a 4.8 per cent decline for the month year on year, with the carrier … [Read more...] about EUROPE & CIS: Collapse in yields, Luft Cargo loses US$87M
EUROPS & CIS: Branson urges US to deny BA-American coop
Richard Branson has called on the US government to deny British Airways’ request for greater commercial cooperation, including agreement on ticket schedules and prices, with American Airlines. It is one year since British Airways applied to regulators for anti-trust immunity, which would in effect allow it to dominate Heathrow Airport. According to Branson, BA wants the “global aviation regulatory system to be applied solely in his interestsâ€Â. It is already … [Read more...] about EUROPS & CIS: Branson urges US to deny BA-American coop
Russian Airline & Rosavia
Russia’s new state-run airline – Russian Airlines, known locally as Rosavia – has solicited offers from Boeing and Airbus for the 65 narrow body planes it plans to buy in the next few years, Reuters reported. Russian Airlines is being created by the state to absorb several carriers crippled last year by the financial crisis and high fuel prices. … [Read more...] about Russian Airline & Rosavia
Air China & Cathay Pacific Airways
Air China has said it will increase its stake in Cathay Pacific Airways to nearly 30 per cent by buying shares from CITIC Pacific at HK$6.335 billion. The Beijingbased airline will buy 491.9 million shares of Cathay at HK$12.88 apiece from CITIC Pacific, according to a statement posted on the Hong Kong Stock Exchange. The deal will make Air China the Hong Kong carrier’s second largest shareholder after British conglomerate Swire Pacific. … [Read more...] about Air China & Cathay Pacific Airways
EADS chief says orders may be down for two years
With the global economic quagmire flattening demand for aircraft, the head of Airbus SAS’s parent said carriers may be less inclined to take new aircraft in the next year or two as they grapple with the decline in global traffic, the said. “The market isn’t dead, we have some campaigns, but it’s not extremely active, that’s clear,†European Aeronautic, Defence & Space Co. chief executive Louis Gallois told Bloomberg. “It’s … [Read more...] about EADS chief says orders may be down for two years